Financial PerformanceMeituan reported revenue was RMB86.6bn, up 18% YoY, exceeding forecasts and consensus estimates.
International ExpansionManagement shared promising progress on Meituan’s overseas expansion with Keeta, having expanded into more than 9 cities in Saudi Arabia and taking dominant market share in Hong Kong.
Operational BaseMeituan operates an extensive fulfillment network of approximately 7.5 million riders and over 9 million active merchants, contributing to its leading position in the online food delivery market.